Candriam Luxembourg S.C.A. purchased a new stake in shares of Ally Financial Inc. (NYSE:ALLY) during the second quarter, Holdings Channel reports. The firm purchased 25,869 shares of the company’s stock, valued at approximately $442,000.
Several other institutional investors have also modified their holdings of the stock. Barnett & Company Inc. purchased a new stake in shares of Ally Financial during the first quarter worth $178,000. Seven Eight Capital LLC raised its stake in shares of Ally Financial by 180.5% in the first quarter. Seven Eight Capital LLC now owns 10,412 shares of the company’s stock worth $195,000 after buying an additional 6,700 shares in the last quarter. Cohen Capital Management Inc. purchased a new stake in shares of Ally Financial during the second quarter worth $216,000. Hartford Investment Management Co. raised its stake in shares of Ally Financial by 12.6% in the second quarter. Hartford Investment Management Co. now owns 12,783 shares of the company’s stock worth $218,000 after buying an additional 1,431 shares in the last quarter. Finally, LS Investment Advisors LLC raised its stake in shares of Ally Financial by 10.9% in the second quarter. LS Investment Advisors LLC now owns 12,879 shares of the company’s stock worth $220,000 after buying an additional 1,263 shares in the last quarter. Institutional investors own 99.83% of the company’s stock.
Ally Financial Inc. (NYSE:ALLY) traded down 1.26% on Tuesday, reaching $19.65. The company had a trading volume of 2,502,389 shares. The company’s 50 day moving average is $19.56 and its 200-day moving average is $18.02. Ally Financial Inc. has a one year low of $14.55 and a one year high of $21.03. The firm’s market capitalization is $9.43 billion.
Ally Financial (NYSE:ALLY) last announced its quarterly earnings data on Tuesday, July 26th. The company reported $0.54 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.03. Ally Financial had a return on equity of 17.19% and a net margin of 17.61%. During the same quarter in the previous year, the company earned $0.46 EPS. On average, equities research analysts expect that Ally Financial Inc. will post $2.25 earnings per share for the current fiscal year.
A number of equities research analysts recently weighed in on the company. Deutsche Bank AG restated a “buy” rating on shares of Ally Financial in a research report on Sunday, June 26th. Zacks Investment Research raised Ally Financial from a “sell” rating to a “hold” rating in a report on Wednesday, July 27th. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Ally Financial in a report on Thursday, June 30th. Jefferies Group reaffirmed a “buy” rating and set a $28.00 target price on shares of Ally Financial in a report on Tuesday, September 13th. Finally, BTIG Research reaffirmed a “buy” rating on shares of Ally Financial in a report on Thursday, June 30th. Four research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $25.13.
About Ally Financial
Ally Financial Inc is a financial holding company and a bank holding company. The Company’s banking subsidiary, Ally Bank, is a franchise in the Internet, telephone, mobile and mail banking market. The Company operates through three segments: Automotive Finance operations, Insurance operations and Mortgage operations.
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